0001867102 2022-06-30--12-31 2022 Q2 false 0001867102 2022-01-01 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:CreditSpreadMeasurementInputMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember evtl:RiskFreeRateMeasurementInputMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember evtl:DividendYieldMeasurementInputMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2021-12-31 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:CreditSpreadMeasurementInputMember 2021-12-31 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember evtl:RiskFreeRateMeasurementInputMember 2021-12-31 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember evtl:DividendYieldMeasurementInputMember 2021-12-31 0001867102 evtl:VerticalAerospaceGroupLimitedMember 2021-01-01 2021-12-31 0001867102 evtl:VerticalAerospaceGroupLimitedMember 2020-01-01 2020-12-31 0001867102 evtl:MarcusWaleyCohenShareOptionSchemeMember 2021-01-01 2021-12-31 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2021-01-01 2021-12-31 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2022-06-30 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2021-12-31 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2020-12-31 0001867102 evtl:MudrickCapitalManagementMember 2022-06-30 0001867102 evtl:MudrickCapitalManagementMember 2021-12-31 0001867102 ifrs-full:CreditRiskMember 2022-06-30 0001867102 ifrs-full:CreditRiskMember 2021-12-31 0001867102 evtl:OrdinaryShareMember 2022-06-30 0001867102 evtl:OrdinaryShareMember 2021-12-31 0001867102 ifrs-full:SharePremiumMember 2022-01-01 2022-06-30 0001867102 ifrs-full:SharePremiumMember 2021-01-01 2021-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:WarrantLiabilitiesMember ifrs-full:Level1OfFairValueHierarchyMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level3OfFairValueHierarchyMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level1OfFairValueHierarchyMember 2022-06-30 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:WarrantLiabilitiesMember ifrs-full:Level1OfFairValueHierarchyMember 2021-12-31 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:ConvertibleSeniorSecuredNotesMember ifrs-full:Level3OfFairValueHierarchyMember 2021-12-31 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level3OfFairValueHierarchyMember 2021-12-31 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level1OfFairValueHierarchyMember 2021-12-31 0001867102 ifrs-full:RetainedEarningsMember 2021-01-01 2021-06-30 0001867102 ifrs-full:TopOfRangeMember evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2022-06-30 0001867102 ifrs-full:BottomOfRangeMember evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2022-06-30 0001867102 ifrs-full:SharePremiumMember 2022-06-30 0001867102 ifrs-full:RetainedEarningsMember 2022-06-30 0001867102 ifrs-full:OtherReservesMember 2022-06-30 0001867102 ifrs-full:IssuedCapitalMember 2022-06-30 0001867102 ifrs-full:SharePremiumMember 2021-12-31 0001867102 ifrs-full:RetainedEarningsMember 2021-12-31 0001867102 ifrs-full:OtherReservesMember 2021-12-31 0001867102 ifrs-full:IssuedCapitalMember 2021-12-31 0001867102 ifrs-full:SharePremiumMember 2021-06-30 0001867102 ifrs-full:RetainedEarningsMember 2021-06-30 0001867102 ifrs-full:OtherReservesMember 2021-06-30 0001867102 ifrs-full:RetainedEarningsMember 2020-12-31 0001867102 ifrs-full:OtherReservesMember 2020-12-31 0001867102 ifrs-full:KeyManagementPersonnelOfEntityOrParentMember 2022-01-01 2022-06-30 0001867102 ifrs-full:RetainedEarningsMember 2022-01-01 2022-06-30 0001867102 ifrs-full:OtherReservesMember 2022-01-01 2022-06-30 0001867102 2020-12-31 0001867102 currency:USD 2022-06-30 0001867102 evtl:ImaginationIndustriesLtdMember 2022-06-30 0001867102 evtl:ImaginationIndustriesLtdMember 2021-06-30 0001867102 ifrs-full:TradeReceivablesMember ifrs-full:CreditRiskMember 2022-06-30 0001867102 ifrs-full:TradeReceivablesMember ifrs-full:CreditRiskMember 2021-12-31 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2022-06-30 2022-06-30 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2021-06-10 2021-06-10 0001867102 evtl:WarrantsIssuedToMudrickCapitalMember 2022-01-01 2022-06-30 0001867102 evtl:WarrantsIssuedToMudrickCapitalMember 2021-01-01 2021-12-31 0001867102 evtl:PublicWarrantsMember 2021-01-01 2021-12-31 0001867102 evtl:OptionIssuedToMarcusWaleyCohenMember 2021-01-01 2021-12-31 0001867102 2021-01-01 2021-12-31 0001867102 evtl:ImaginationIndustriesLtdMember 2022-01-01 2022-06-30 0001867102 evtl:ImaginationIndustriesLtdMember 2021-01-01 2021-06-30 0001867102 ifrs-full:LaterThanOneYearMember 2022-06-30 0001867102 ifrs-full:LaterThanOneYearMember 2021-12-31 0001867102 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember evtl:WarrantLiabilitiesMember ifrs-full:Level1OfFairValueHierarchyMember 2022-01-01 2022-06-30 0001867102 evtl:ConvertibleSeniorSecuredNotesMember evtl:MudrickCapitalManagementMember 2022-06-30 0001867102 ifrs-full:SharePremiumMember 2022-06-05 2022-06-05 0001867102 evtl:ConvertibleSeniorSecuredNotesMember evtl:MudrickCapitalManagementMember 2021-12-16 2021-12-16 0001867102 2021-06-30 0001867102 ifrs-full:NotLaterThanOneYearMember 2022-06-30 0001867102 ifrs-full:LaterThanFiveYearsMember 2022-06-30 0001867102 ifrs-full:NotLaterThanOneYearMember 2021-12-31 0001867102 ifrs-full:LaterThanFiveYearsMember 2021-12-31 0001867102 evtl:WarrantLiabilitiesMember 2022-01-01 2022-06-30 0001867102 evtl:ConvertibleSeniorSecuredNotesMember 2022-01-01 2022-06-30 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2022-03-15 2022-03-15 0001867102 ifrs-full:KeyManagementPersonnelOfEntityOrParentMember evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2022-01-01 2022-06-30 0001867102 evtl:EnterpriseManagementIncentiveShareOptionSchemeMember 2022-01-01 2022-06-30 0001867102 evtl:PublicWarrantsMember 2022-06-30 0001867102 evtl:ResearchAndDevelopmentExpensesMember 2022-01-01 2022-06-30 0001867102 evtl:ResearchAndDevelopmentExpensesMember 2021-01-01 2021-06-30 0001867102 evtl:ConvertibleSeniorSecuredNotesMember evtl:MudrickCapitalManagementMember 2022-06-15 2022-06-15 0001867102 evtl:MudrickCapitalManagementMember 2022-01-01 2022-06-30 0001867102 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember 2022-06-30 0001867102 2022-06-30 0001867102 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember 2021-12-31 0001867102 2021-12-31 0001867102 evtl:ConvertibleSeniorSecuredNotesMember evtl:MudrickCapitalManagementMember 2021-12-16 0001867102 evtl:PublicWarrantsMember 2022-01-01 2022-06-30 0001867102 2021-01-01 2021-06-30 iso4217:GBP xbrli:pure xbrli:shares iso4217:USD iso4217:USD xbrli:shares evtl:director evtl:Options iso4217:GBP xbrli:shares

​

​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2022

Commission File Number: 001-41169

Vertical Aerospace Ltd.

(Exact Name of Registrant as Specified in Its Charter)

Unit 1 Camwal Court, Chapel Street

Bristol BS2 0UW

United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ⌧ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

​

​

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

​

On August 8, 2022, Vertical Aerospace Ltd. (the “Company”) issued a press release announcing its financial results for the six months ended June 30, 2022, a copy of which is attached hereto as Exhibit 99.1.

​

The Company's unaudited condensed consolidated interim financial statements for the six months ended June 30, 2022 and related notes thereto and an operating and financial review and prospects with respect to the six months ended June 30, 2022 are attached as Exhibits 99.2 and 99.3, respectively, to this Report on Form 6-K. This Report on Form 6-K also attaches Exhibit 101, which contains Interactive Data File disclosure in accordance with Rule 405 of Regulation S-T.

​

EXHIBIT INDEX

​

Exhibit No. |  | Description
99.1 | ​ | Press release of Vertical Aerospace Ltd. dated August 8, 2022
99.2 | ​ | Unaudited condensed consolidated interim financial statements for the six months ended June 30, 2022
99.3 | ​ | Operating and financial review and prospects with respect to the six months ended June 30, 2022
101.INS | ​ | Inline XBRL Instance Document - the Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCH | ​ | Inline XBRL Taxonomy Extension Schema Document
101.CAL | ​ | Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB | ​ | Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE | ​ | Inline XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF | ​ | Inline XBRL Taxonomy Extension Definition Linkbase Document

​

​

​

​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​

​ | VERTICAL AEROSPACE LTD.
​ | ​ | ​
Date: August 8, 2022 | By: | /s/ Vincent Casey
​ | ​ | Vincent Casey
​ | ​ | Chief Financial Officer

​

​

​

​